GE Shipping contracts to buy a Second hand Supramax Bulk Carrier; stock trades flat

The 2013 Japanese built vessel is expected to join the company’s fleet in Q1FY22.

Mar 04, 2021 10:03 IST India Infoline News Service

GE Shipping
The Great Eastern Shipping Company Limited (GE Shipping) signed a contract to buy a second hand Supramax Bulk Carrier of about 56,103 dwt. The 2013 Japanese built vessel is expected to join the company’s fleet in Q1FY22.

The company said in a regulatory filing on Wednesday that excluding this vessel, the company’s current fleet stands at 46 vessels, comprising 32 tankers (9 crude carriers, 18 product tankers, 5 LPG carrier) and 14 dry bulk carriers with an average age of 11.77 years aggregating 3.69 mn dwt.

The company has contracted to sell its 2006 built Supramax Bulk Carrier “Jag Roopa” which is expected to be delivered to the buyers in Q4FY21.

At around 10.41 am, Great Eastern Shipping Company Ltd was trading at Rs324.15 per piece down Rs2.60 or 0.80% from its previous closing of Rs326.75 per piece on the BSE.

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